The Tesla terrorists are the weirdest form of NPC that has manifested in recent decades.

When someone asks “Well isn’t bitcoin a threat to the dollar?” Immediately shift the frame and point out that the dollar, as it’s designed, is a threat to itself and American citizens. Bitcoin is a powerful tool for Americans. The dollar is designed to lose value.

As someone who would like to see the federal government in the US shrunk dramatically, I believe a strategic bitcoin reserve accumulated via a mechanism like Bit Bonds is the only viable path to make a smaller government possible. This may seem counterintuitive - "if the US government acquires bitcoin it makes them stronger." However, when you take a step back and think of the problem of the ever expanding federal government you realize that a large part of the problem is driven by the need to roll over debt by issuing new debt to pay it back. This leads to a forced expansion of the federal government that can only be reversed if something new is introduced that can defease the debt without having to issue new paper. As it stands today, bitcoin is the only thing that can practically produce this defeasment. The beauty of the bit bond idea is that it expedites the debt pay back by enabling the Tresury to issue longer-term bonds at lower rates, which works to decrease interest payments on debt that is being rolled over. An incredible kickstarting mechanism that provides immediate results. Imagine being able to point at the chart of the interest expense on the debt and show that the number is falling. Bitcoin is for anyone, including governments, and it is a great asset that enables individuals, businesses and governments to think creatively by leveraging the benefits that come with adopting it during its monetization phase. The path to shrinking the federal government dramatically over the next few decades only exists in a world in which the government adopts bitcoin as a strategic asset to begin paying back the debt.

“Number been lame.” - my wife at breakfast this morning

The sovereign debt crisis is hitting a head and people are bearish on bitcoin because it "crashed" back to levels that were first seen *checks notes* four months ago. This is your brain on the fumes of the high velocity trash economy.

If the plan is to let the stock market go and drive bond yields lower to make the trillions in debt that needs to be rolled over this year more manageable, it is being executed flawlessly by Trump and Bessent.

We got back to our roots with this rip with @George Bodine. You may be fearful right now as bitcoin dips below $80,000 and broader markets continue to sell off. Block out the noise and enjoy this conversation. Bitcoin's fundamentals are stronger than ever.

Do you hear that? That’s the sound of the dusty tarps being ripped off money printers around the world. The big print is coming.

My Summer 2021 peak clown world call gets more comical by the day.

Stop setting expectations that bitcoin is going to rise when people find out the gold isn't in Fort Knox. I wouldn't be surprised if the Trump admin makes sure it's filled before going in there to signal economic strength as the world is scrambling for physical gold. Banking on an empty vault for a bitcoin price pump is setting the market up for disappointment. The correct framing is: we shouldn't have to wonder whether or not the gold is in Fort Knox, we should be able to publicly audit the country's reserves 24/7/365 and bitcoin enables that. It is very hard to do that with gold, as the last five decades have proven.